The company's share price has tripled in June.
Bone regeneration company Bonus Biogroup Ltd. (TASE: BONS) today announced two investments in the company totalling NIS 4 million at NIS 0.48 per share.
Bonus Biogroup's share price has more than tripled so far in June, including 20% on Sunday and 28% on Monday. The share price another 19.4% by mid-afternoon today to NIS 0.56, giving a market cap of NIS 66 million.
Bonus Biogroup merged with stock market shell Oceana Marine Engineering in May, and trading in the share began on May 28. The merger was led by Yaron Yenni of Asia Development (EDBM) Ltd. (TASE: ASDV), which sold its entire stake in the company since it went public.
Published by Globes [online], Israel business news - www.globes-online.com - on June 27, 2012
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